QS Investors LLC grew its stake in Ameren Corp (NYSE:AEE) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,028 shares of the utilities provider’s stock after acquiring an additional 14,548 shares during the quarter. QS Investors LLC owned about 0.07% of Ameren worth $10,266,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Delpha Capital Management LLC purchased a new position in Ameren during the fourth quarter worth about $106,000. Cerebellum GP LLC purchased a new position in Ameren during the fourth quarter worth about $123,000. Focused Wealth Management Inc purchased a new position in Ameren during the fourth quarter worth about $165,000. Acropolis Investment Management LLC lifted its position in Ameren by 101.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after buying an additional 1,712 shares during the period. Finally, Cetera Investment Advisers purchased a new position in Ameren during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 69.80% of the company’s stock.
Several equities analysts recently weighed in on AEE shares. Zacks Investment Research upgraded Ameren from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th. Morgan Stanley downgraded Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research report on Wednesday, December 13th. ValuEngine downgraded Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Finally, UBS Group increased their target price on Ameren from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $56.20.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.60 billion. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. analysts predict that Ameren Corp will post 3.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.4575 per share. The ex-dividend date is Tuesday, March 13th. This represents a $1.83 annualized dividend and a yield of 3.39%. Ameren’s dividend payout ratio is presently 85.12%.
In other Ameren news, CAO Bruce A. Steinke sold 1,952 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $105,954.56. Following the completion of the sale, the chief accounting officer now directly owns 41,120 shares in the company, valued at $2,231,993.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark C. Lindgren sold 1,923 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $54.28, for a total value of $104,380.44. Following the sale, the senior vice president now owns 57,557 shares of the company’s stock, valued at $3,124,193.96. The disclosure for this sale can be found here. Insiders have sold 16,986 shares of company stock valued at $925,147 over the last 90 days. 0.38% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/12/qs-investors-llc-buys-14548-shares-of-ameren-corp-aee.html.
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.